To prevent a cartel harming consumer’s benefit,
lots of Governments adopted the Leniency program
1) Definition
a syndicate or trust of firms,
created to generate unfair profits
2) Bad influence of cartel
1)By increasing prices,
and 2)decreasing outputs
Cartel harms consumer’s benefit
History of the Leniency Program
Since the adoption of the U.S.
of the Leniency Pro
of Leniency program case “Imposing penalty to LPG firms in Korea”
The Fair Trade Commission decided to impose corrective order and surcharges on six LPG suppliers for having fixed the LPG wholesale prices for six years. Fair Trade Commission started investigation because the domestic LPG prices remained high despite ofstabilized international price. It is revealed that LPG supply companie
of one group are income for other groups. The income is then spent to create income for still other groups.
수입의 순환 : 한 그룹의 지출은 다른 그룹의 수입이 된다는 개념. 소득은 다른 그룹을 위한 수입원을 만들기 위해 소비되는 것이다.
56. Class I oligopoly : An oligopoly in which firms are unorganized and uncollusive. Their behavior is characte
1. The reason we choose Kyobo
(1). Kyobo Life Insurance has best case on corporate social responsibilities.
They have operated many social service activities such as DASOMI, Daesan Foundation.
They created Sustainability Management Support Team to hold up their corporate
Social responibilities in 2010.
They published first Sustainability Report in 2010.
2. Summary of CSR Report
C